At the beginning of May 2021, the price of 1 ton of CO₂ exceeded the €50 mark in Europe for the first time, a significant increase compared to the average price of €20 to €25 in 2019 and 2020, and a step towards the €100 per ton targeted by the European Union in the medium term. A direct consequence is the increase in the cost of using coal-fired power plants, which must purchase carbon credits to offset their emissions, and which reduces the attractiveness of this fuel and encourages limiting its use.

Shipping, the next sector to enter the carbon market (almost certain in Europe, and partially expected in North America), is particularly concerned by this evolution. Given the financial stakes linked to the carbon tariff, it is all the more important to anticipate the costs of this evolution, to choose the right technologies for decarbonizing ships, and to be on the right side of the tariff when it comes to quantifying the CO₂ emissions of the shipping industry. Eolyss can help you estimate the impact of the carbon market on your fleet of ships (http://www.eolyss.com or contact us at info@eolyss.com ).